Siyata Mobile Inc (SYTA)

[bcapps66]

hmmmmm....what led you to believe that?

[5 DUCKS]

The lack of enthusiasm for the stock amazing.

[ttottip]

Good morning all! We'll see some positive action today. Maybe we might close around $1.3. Just like a start. Let's see!

[ttottip]

It seems that something big is coming. Maybe in these days we'll wake up in the morning to see the price in the $3's! A short squeeze is imminent!

[tat4tat]

Earnings end of March or April if SYTA conforms to Canadian standards. If late, Canadian brokers will not accept trades, but this will have no impact on US investors. Since SYTA no longer trades on Canadian exchange the former may not apply and investor relations is not sure when earnings will be posted according to my communications with them.

[tat4tat]

Any guesses as to when SYTA will report earnings. The last one I came up with was on June 30 2021 as per 6k. They have a different system apparently with the 6k number than US stocks.

[tat4tat]

Not much positive response to news today, but itvdid appear on Schwab,com.

[FROZENFLAME]

https://www.accesswire.com/687220/siyata-mobile-receives-750000-usd-in-purchase-orders-to-equip-an-ems-and-an-international-defense-contractor-in-the-emea-region-with-its-rugged-handsets

[Tr8dervic]

Thanks. T/A basis Needs to fill the gap 2.30 to 3 area imho.

https://www.marketscreener.com/quote/stock/SIYATA-MOBILE-INC-114201726/news/Siyata-Mobile-N-E-W-S-R-E-L-E-A-S-E-Form-6-K-37722415/

[Gerrit82]

Siyata Mobile : Goosetown Communications to Rollout Siyata SD7 Device in North America $SYTA
https://www.marketscreener.com/quote/stock/SIYATA-MOBILE-INC-114201726/news/Siyata-Mobile-N-E-W-S-R-E-L-E-A-S-E-Form-6-K-37722415/

[tat4tat]

Good news Feb 2nd. Deal with Goosetown Communications to distribute new product. News not hitting Schwab since the news on Jan 11 2022. I contacted IR anout this and Schwab several times and still not resolved. Also, news for a different company,Aptiv, shows up on Schwab researh for SYTA.

[Tr8dervic]

Siyata Business News Update

Siyata Mobile Inc. (NASDAQ:SYTA) completed a public offering of 8.7 million shares sold with common warrants. Combined effective offering price of $2.30 with net proceeds of approximately $18 million. Offering rationale is to fund growth and working capital, namely for the SD7 new product launch. Company now has approximately $20 million cash and $15 million net cash.

We raised our 2022 or 2023 revenue forecasts to reflect SD7 orders news. However, we lowered our price target valuation to $6 from $10 to reflect the large increase in share count and dilution.

We estimate breakeven adjusted EBITDA profitability in late 2022 for a re-rating of the stock.

Importantly, we now believe that Siyata Mobile is adequately funded for the next 12-18 months to support SD7 working capital and inventory for the launch, other growth initiatives and absorb minor net losses near-term.

Initial Orders for the SD7 device received in early December total more than $1.8 million for customers in the US and EMEA. We remain optimistic about the revenue potential from the SD7 launch for 2022 & 2023 topline.

We remind investors that Motorola Solutions (MSI) entered into a partnership agreement with Siyata Mobile for the launch of the new SD7 handset.

Factoring in news of order wins in December, we raise our SD7 revenues forecast to $5 million for 2022 (from $4 million prior) based on $300 pricepoint for 3.5% market share achievement in North America & Europe. $10 million revenues for 2023 (from $8 million prior).

Valuation

We value Siyata Mobile using a peer comparables valuation methodology based on EV/Sales for 2022 and 2023 estimates. We typically prefer EV/EBITDA, P/E & P/FCF multiples, but this company has not achieved positive adjusted EBITDA on an annual basis. We forecast positive adjusted EBITDA in 2023.

We reach $6.00 stock price by applying the peer group average of 2.6x EV/Sales 2022 to the blended average of our 2022 & 2023 sales forecasts for SYTA (to factor in a full year of SD7).

Stock is trading at 1.2x our 2022 Sales estimate for a 55% discount to the peer group average. This large discount appears unwarranted and could narrow if the company executes well on revenue growth and gross margin expansion in 4Q21 and 2022. Cash balance is strong enough to fund its growth and working capital needs.

We used 13.7 million share count to factor in the recent public offering of new shares. We are not counting possible dilution from warrants or stock options with exercise prices far out-of-the-money.

Net Cash position of approximately $15 million as of 1/12/22 after factoring in the recent net proceeds of the deal raise (approximately $18m). We applied $15 million Net Cash to our price target and Enterprise Value calculations. Rather than $3 million Net Debt of 9/30/21 from its last balance sheet filing.

[FROZENFLAME]

https://spotlightgrowth.com/siyata-mobile-nasdaq-syta-leverages-partnerships-and-strong-capitalization-to-ramp-up-for-a-big-year-in-2022/

[FROZENFLAME]

I’ve seen that on Twitter too, offering was at $2.30 and we’re trading at $1.36, something for sure will happen, extremely undervalued, it will be a good time for buyout at this level, patiently waiting .
$SYTA

[Diggie-HH]

in stocktwits some say. BUYOUT rumors by Motorola. yes ... would be FINE !

[FROZENFLAME]

C’mon squeeze, I’m waiting !
$SYTA

[tat4tat]

I got several responses from IR yesterday regarding the latest PR not reaching major news wires. On my brokerage site the last news that appeared was the one about the offering. It also has news about some other company. The IR guy said he would look into this matter.

[tat4tat]

Latest PR from JAN.18.2022 still hasnt hit major business news wires. I emailed SYTA about this yesterday but no response so far.

[FROZENFLAME]

Agree, should be over $2 by now, good news, bad market, but the bounce is coming .

[Diggie-HH]

its real great news? or???? i think we musst fill that GAP

[tat4tat]

Tremendous news today, but wasnt on the wires for some reason. DJ plunging over 500 points didnt help.
he

[FROZENFLAME]

https://www.siyatamobile.com/tessco-to-distribute-uniden-cellular-signal-boosters/

[KeepOn]

It just keeps sinking. When is it over?

[FROZENFLAME]

https://spotlightgrowth.com/new-purchase-orders-for-sd7-rugged-device-vk7-and-other-accessories-boost-siyata-mobiles-outlook-nasdaq-syta/

[FROZENFLAME]

Adding the dip .
$SYTA

[sick nam vet]

Zacks research,6 dollar pt.we will see!!fingers crossed!!!

[FROZENFLAME]

Bottom play, offering close, I’m in $SYTA

https://www.accesswire.com/682100/siyata-mobile-announces-closing-of-20-million-underwritten-public-offering

[da_stock_analyst]

#SYTA ?? 42% down yesterday! 30% profit potential! Should you buy for a swing trade? Chart analysis

[GrabThatCash]

Ok, thinking of buying back in here, sold after that last PR of contract because it was selling off and i felt the contract was small and havnt seen any new contracts, did i miss something ?
Offering today sell off means a PR coming ? Serious reply please.

[Diggie-HH]

SYTA UP WE GO DUDE TO DA MOON !

[INEEDMONEY]

Can this test $2 again

[da_stock_analyst]

#SYTA share offering.stock down 42%. Seing trade opportunity! Chart analysis!

[ttottip]

Rising. Let's hope for some degrees of recovery!

[alchemytrader]

1.79 -45.51%

OMG...RIP.

[alchemytrader]

aaand -45%

[ErnieBilco]

Jumped in this morning, glad I sold the warrants last week

[trendzone]

Apparently they prefer to sleep with the crooked short hedge funds and MM's and now let them get out dirt cheap.

[trendzone]

Dumbass greedy move on their part to do it at this time.

[ttottip]

$2.3 not bad. The price might go around this quote today.

[ttottip]

Good morning all! People, don't panic! Things aren't as bad as you think. SYTA with this favorite stock offering will expand its business in future. Good days will come ahead. Losses hurt, but the price will recover by time.

[ttottip]

Breaking the HOD is matter of minutes.

[ttottip]

Calm before the storm. I want to remind you that in premarket the price went up to $3.93. Today we'll surpass this level.

[ttottip]

People, you don't like these prices???!!! If I had money , I would have bought with both hands. This stock is among the favorites of a short squeeze.

[ttottip]

Just waiting for the $4's today.

[masterofdisaster]

MMs like to cover their shares in premarket on SYTA. This will do nothing during the normal trading session.

[ttottip]

One direction from now: up,up,up!$$$$$$$$$$$$$$$$$$$$$

[ttottip]

$4.5+ today.

[ttottip]

Yes, the $4's to stay.

[ttottip]

This is going to explode in moments! Watch! Take these opportunistic prices as much as you can before is too late!

[jxphilli]

Thanks for the info. Me too